Report and photos by Rick Carey, Auction Editor
In only its third year at the Greenwich Concours Bonhams cemented its position as an important event on the annual collector car auction calendar. Underlining its success in establishing itself in the Northeast – where others have gone before with limited success – is Bonhams expansion to a third date, at the Fairfield County Concours on Sunday, September 12.
The sale was headlined by 34 mostly Italian cars from a Bellport, Long Island collection, including some rarely seen examples. The Italian car collectors were lined up for them, too, paying in many cases very, very serious money. The sale wound up with a barn find Vauxhall 30/98 OE Velox tourer which Bonhams spent the time to research thoroughly and established the probability of an exceptional British and Brooklands racing history.
78 cars were offered of which 55 were sold (including one that closed post-block), a very creditable 70.5% sale rate and a total with commission of $2,921,397. The strength of the Italian collection was manifest in the performance against estimate with a remarkable 10 lots, 18.2% of the sold cars, being hammered at bids above their high estimates. The sold cars had low estimate totals of $2,504,000 and hammer bids of $2,520,374, 100.7% of estimate, another indicator of a consistently strong performance across the board.
Seven legendary 12-meter yachts, all veterans of the America’s Cup, were moored across the harbor adjacent to the Delamar Hotel. The connection is related both to the concours site, on Greenwich Harbor, and to automobiles – the oldest of the 12 Metre Yacht Development Fund’s fleet is Columbia, 1958 America’s Cup winner skippered by auto racing sportsman Briggs Cunningham. It was a great adjunct to Bruce and Genia Wennerstrom’s Concours.
Get well soon, Genia.
Click for complete results: 2010 Bonhams Greenwich Results Summary
Greenwich Concours Auction Results 2010 – Bonhams
[Source: Rick Carey]